All Forum Posts by: Luis Vaca

Hey Scott, I usually watch the videos from Commercial Property Advisors on Youtube and they are a goldmine of free information. The gentleman that does the videos does little charts for the viewers to see that is pretty helpful. 

Gathering information from different experts is what's probably best. 

Here is more information for the OOS investors like myself.

https://custapp.marketvolt.com/cv.aspx?cm=1419540786&x=29905531

@Keith Moore If you keep it how long would it take you to save up and continue on your goals and buy the next property? Do you have enough reserves now if you keep it? Keep in mind of the 800$ net some of that would be for reserves correct?

If you sell where would you plan to buy? Do you have leads coming in now so you could use the calculators and estimate how you would use the profits if you sold? ( And estimate coc)

@Andrew Schmidt I applaud you for doing your homework this thorough. You'll succeed if you keep this up!

@Eric Perdomo not sure about best tenants but they are up there from my experience. They even pay rent months ahead of time when they can! Who else would do that lol.

Of course there's some bad apples in there so sometimes it's about luck. It all comes down about doing your due process and homework on screening tenants.

 

Were you unaccredited when you began investing in syndications? Are there any websites/books you recommend for beginners?

I am doing the opposite due to much appreciation. What was your purchase price and when did you buy?

What will be your rent ?

What is it currently worth?

Lol yea that's what I want to do. House hack in a cheaper area (I'm currently in California), use 3-10% down on a primary and have a bunch leftover to play with. Big minus is I won't be close to my parents. 

 Good luck on your decision as well! 

I'm kind of on the same boat. I have 10 years left on a 15 year loan but I have equity where I can get 240-250k if I sell. I can also do a HELOC, but I'm leaning towards selling. It all depends on where you are in your life and what makes sense for your family.

@Wes Barnes is BRRRing it out of the question? What would it rent out to?

If you partner with someone that can help with the funding you can split cashflow 50/50.